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T. Rowe Price Group Inc Stock Research

TROW

108.15USD+1.49(+1.40%)Market Closed

Market Summary

USD108.15+1.49
Market Closed
1.40%

TROW Alerts

TROW Stock Price

TROW RSI Chart

TROW Valuation

Market Cap

24.5B

Price/Earnings (Trailing)

12.06

Price/Sales (Trailing)

3.54

EV/EBITDA

8.2

Price/Free Cashflow

9.36

TROW Price/Sales (Trailing)

TROW Profitability

EBT Margin

30.03%

Return on Equity

17.62%

Return on Assets

13.38%

Free Cashflow Yield

10.68%

TROW Fundamentals

TROW Revenue

Revenue (TTM)

6.5B

Revenue Y/Y

-22.3%

Revenue Q/Q

-4.03%

TROW Earnings

Earnings (TTM)

1.6B

Earnings Y/Y

-64.08%

Earnings Q/Q

-30.8%

Price Action

52 Week Range

93.53156.02
(Low)(High)

Last 7 days

-5.3%

Last 30 days

-12.1%

Last 90 days

-4.7%

Trailing 12 Months

-22.6%

TROW Financial Health

TROW Investor Care

Dividend Yield

4.44%

Dividend/Share (TTM)

4.8

Diluted EPS (TTM)

6.7

Peers (Alternatives to T Rowe Price Group)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
67.2B
5.0B
-1.37% -20.87%
24.96
13.38
7.03% 2.07%
55.5B
9.6B
-10.69% -24.62%
38.36
5.76
5.10% -64.37%
26.1B
6.2B
-12.89% -69.27%
23.21
4.19
5.78% -5.22%
24.5B
6.5B
-12.11% -22.62%
12.06
3.54
-15.43% -49.47%
13.1B
4.0B
-4.92% 7.40%
55.9
3.32
13.27% -55.58%
MID-CAP
7.9B
2.7B
-12.10% 23.15%
4.31
2.95
95.77% 12.59%
7.5B
2.0B
-12.37% -3.86%
15.68
3.75
3.79% -13.01%
6.2B
4.6B
-17.08% -14.81%
9.36
1.35
-3.98% -19.72%
1.9B
64.7B
-11.71% 27.62%
8
0.03
35.87% 74.73%
SMALL-CAP
2.0B
1.8B
17.91% 16.69%
41.14
1.12
16.43% -60.72%
1.8B
2.4B
-12.59% -48.39%
6.93
0.78
-15.89% -44.42%
1.1B
1.5B
0.39% 32.10%
14.3
0.71
-27.22% -74.14%
816.3M
10.3M
-0.68% -10.61%
-15.36
79.32
-29.47% -152.67%
742.8M
301.3M
9.41% -21.41%
14.66
2.47
-0.98% 1.78%
445.7M
1.1B
-15.80% -8.69%
13.78
0.4
-20.31% -79.65%

Financials for T Rowe Price Group

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue-6.3%6,4886,9267,2927,7087,672
Operating Expenses4.4%4,1153,9433,8874,0143,962
EBITDA-19.4%2,1702,6933,1793,888-
EBITDA Margin-14.0%0.33*0.39*1.22*0.50*-
Earnings Before Taxes-21.2%1,9482,4722,9653,6783,995
EBT Margin-15.9%0.30*0.36*1.14*0.48*-
Net Income-23.4%1,5582,0332,4252,9013,083
Net Income Margin-18.2%0.24*0.29*0.93*0.38*-
Free Cahsflow-19.0%2,1222,6183,1373,326-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-2.9%11,64311,99311,76912,34812,509
    Cash Equivalents-25.8%1,7562,3662,1161,9981,523
  Net PPE0.4%756753747736736
  Goodwill-0.4%2,6432,6522,6522,6442,693
Liabilities-14.9%1,9562,2982,0312,2312,255
Shareholder's Equity-0.8%8,8408,9089,1739,3279,023
  Additional Paid-In Capital-12.3%438499655668920
Minority Interest-7.9%191207209272249
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-17.4%2,3592,8563,3773,5613,452
  Share Based Compensation-2.9%285294284281275
Cashflow From Investing96.6%-41.50-1,225-1,129-1,063-1,098
Cashflow From Financing23.5%-2,076-2,714-3,627-3,325-2,988
  Dividend Payments2.5%1,1071,0801,7531,7291,702
  Buy Backs-38.8%8501,3891,3831,2251,139

Risks for TROW

What is the probability of a big loss on TROW?

62.3%


Probability that T Rowe Price Group stock will be more than 20% underwater in next one year

41.5%


Probability that T Rowe Price Group stock will be more than 30% underwater in next one year.

14.2%


Probability that T Rowe Price Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does TROW drawdown profile look like?

Y-axis is the maximum loss one would have experienced if T Rowe Price Group was unfortunately bought at previous high price.

Drawdowns

Returns for TROW

Cumulative Returns on TROW

6.5%


10-Year Cumulative Returns

8.9%


7-Year Cumulative Returns

1.1%


5-Year Cumulative Returns

2.4%


3-Year Cumulative Returns

What are the long-term rolling returns for TROW?

FIve years rolling returns for T Rowe Price Group.

Annualized Returns

Which funds bought or sold TROW recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-15
B. Riley Wealth Advisors, Inc.
added
20.07
56,667
287,667
0.01%
2023-03-13
Claro Advisors LLC
added
38.3
119,572
483,572
0.16%
2023-03-10
MATHER GROUP, LLC.
added
8.46
1,266,810
11,286,800
0.22%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
226
208,846,000
296,053,000
0.32%
2023-03-10
BAILLIE GIFFORD & CO
added
0.49
1,302,630
31,124,600
0.03%
2023-03-08
SHEETS SMITH WEALTH MANAGEMENT
reduced
-11.69
-28,996
327,004
0.05%
2023-03-06
NORTH STAR ASSET MANAGEMENT INC
added
3.28
1,285,630
19,007,600
1.18%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-10.33
-176,000
2,377,000
0.01%
2023-03-03
TIAA, FSB
reduced
-8.77
-21,289
375,711
-%
2023-03-02
LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA
new
-
221,065
221,065
-%

1–10 of 47

Latest Funds Activity

Are funds buying TROW calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own TROW
No. of Funds

T Rowe Price Group News

MarketWatch

T. Rowe Price Group Inc. stock outperforms competitors despite losses on the day.

MarketWatch,
101 minutes ago

Marketscreener.com

Marketscreener.com

Schedule 13G FIlings of T Rowe Price Group

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 10, 2023
state street corp
6.69%
14,949,873
SC 13G/A
Feb 09, 2023
vanguard group inc
12.40%
27,714,213
SC 13G/A
Feb 07, 2023
blackrock inc.
8.2%
18,399,873
SC 13G/A
Feb 14, 2022
state street corp
5.40%
12,126,661
SC 13G/A
Feb 03, 2022
blackrock inc.
8.4%
18,809,279
SC 13G/A
Feb 11, 2021
state street corp
5.06%
11,462,942
SC 13G
Feb 10, 2021
vanguard group inc
8.71%
19,720,005
SC 13G/A
Feb 01, 2021
blackrock inc.
7.9%
17,971,561
SC 13G/A
Feb 14, 2020
state street corp
5.6%
13,093,054
SC 13G
Feb 12, 2020
vanguard group inc
8.86%
20,717,039
SC 13G/A

TROW Fair Value

Recent SEC filings of T Rowe Price Group

View All Filings
Date Filed Form Type Document
Mar 06, 2023
8-K
Current Report
Mar 01, 2023
4
Insider Trading
Mar 01, 2023
4
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
4
Insider Trading
Feb 15, 2023
10-K
Annual Report

Latest Insider Trading transactions for TROW

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-02-28
Robert W. Sharps
acquired
1,750
112
15.5115
ceo and president
2023-02-28
Stromberg William J
sold (taxes)
-761,217
111
-6,824
non-executive cob
2023-02-28
Robert W. Sharps
sold (taxes)
-803,048
111
-7,199
ceo and president
2023-02-21
Thomson Andrew Justin Mackenzie
sold
-1,370,750
114
-11,969
vice president
2023-02-21
Thomson Andrew Justin Mackenzie
acquired
821,162
68.6074
11,969
vice president
2023-02-14
Robert W. Sharps
acquired
-
-
20,491
ceo and president
2023-02-14
Page Sebastien
acquired
-
-
8,279
vice president
2023-02-14
Stromberg William J
acquired
-
-
23,388
non-executive cob
2023-02-14
Veiel Eric L
acquired
14,401
1.09359
13,168
vice president
2023-02-13
Jackson Stephon A.
acquired
249,731
68.6074
3,640
vice president

1–10 of 50

Robert W. Sharps
7530
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.

TROW Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Net revenues$ 6,488.4$ 7,671.9$ 6,206.7
Operating expenses   
Compensation and related costs2,320.82,383.02,182.4
Distribution and servicing costs301.5373.9278.5
Advertising and promotion97.3100.283.7
Product and recordkeeping related costs300.1236.3155.5
Technology, occupancy, and facility costs560.5484.9444.8
General, administrative, and other412.2383.6316.1
Change in fair value of contingent consideration(161.2)0.00.0
Acquisition-related amortization and impairment costs283.50.00.0
Total operating expenses4,114.73,961.93,461.0
Net operating income2,373.73,710.02,745.7
Non-operating income (loss)   
Net gains (losses) on investments(204.7)215.8246.8
Net gains (losses) on consolidated investment products(203.5)74.7251.7
Other losses(17.3)(5.9)(2.0)
Total non-operating income (loss)(425.5)284.6496.5
Income before income taxes1,948.23,994.63,242.2
Provision for income taxes498.6896.1718.9
Net income1,449.63,098.52,523.3
Less: net income (loss) attributable to redeemable non-controlling interests(108.3)15.6150.6
Net income attributable to T. Rowe Price Group$ 1,557.9$ 3,082.9$ 2,372.7
Earnings per share on common stock of T. Rowe Price Group   
Basic (in dollars per share)$ 6.73$ 13.25$ 10.08
Diluted (in dollars per share)$ 6.70$ 13.12$ 9.98
Investment advisory fees   
Revenues   
Net revenues$ 5,969.1$ 7,098.1$ 5,693.1
Capital allocation-based income   
Revenues   
Net revenues(54.3)0.00.0
Administrative, distribution, and servicing fees   
Revenues   
Net revenues$ 573.6$ 573.8$ 513.6

TROW Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
ASSETS  
Cash and cash equivalents$ 1,755.6$ 1,523.1
Accounts receivable and accrued revenue748.71,058.3
Investments2,539.22,975.5
Assets of consolidated sponsored investment products ($1,375.6 million at December 31, 2022 and $1,761.5 million at December 31, 2021, related to variable interest entities)1,603.41,962.8
Operating lease assets279.4201.2
Property, equipment and software, net755.7736.2
Intangible assets629.8913.4
Goodwill2,642.82,693.2
Other assets688.7445.3
Total assets11,643.312,509.0
LIABILITIES  
Accounts payable and accrued expenses406.7431.0
Liabilities of consolidated sponsored investment products ($39.1 million at December 31, 2022 and $36.2 million at December 31, 2021, related to variable interest entities)89.151.5
Operating lease liabilities329.6249.2
Accrued compensation and related costs228.0256.8
Supplemental savings plan liability761.2882.6
Contingent consideration liability95.8306.3
Income taxes payable46.077.9
Total liabilities1,956.42,255.3
Commitments and contingent liabilities
Redeemable non-controlling interests656.7982.3
STOCKHOLDERS’ EQUITY  
Preferred stock, undesignated, $.20 par value—authorized and unissued 20,000,000 shares0.00.0
Common stock, $.20 par value—authorized 750,000,000; issued 224,310,000 shares at December 31, 2022 and 229,175,000 at December 31, 202144.945.8
Additional capital in excess of par value437.9919.8
Retained earnings8,409.78,083.6
Accumulated other comprehensive loss(53.0)(26.5)
Total stockholders' equity attributable to T. Rowe Price Group, Inc.8,839.59,022.7
Non-controlling interests in consolidated entities190.7248.7
Total permanent stockholders' equity9,030.29,271.4
Total liabilities, redeemable non-controlling interests and permanent stockholders’ equity$ 11,643.3$ 12,509.0